Help students prepare for a career in the financial services industry by encouraging them to take the Security Industry Essentials® (SIE®) Exam, an introductory-level FINRA exam that assesses knowledge of basic industry information. In addition to finance and business, potential job opportunities include roles ranging from research and compliance to communications and technology.
Passing the SIE
Ruling of the Committee:
A dealer in an Eastern city leaves a bid or offering with a dealer in a Western city good until the close of the latter's business day. The Western dealer accepts the bid or offering on that day but, due to the difference in time between the two localities, its notice of acceptance is received by the Eastern dealer on the following day.
In the opinion of the
Municipal securities fall into two categories: 1) municipal bonds issued by states, cities, counties and other governmental entities to raise money to build roads, schools and a host of other projects for the public good; and 2) municipal fund securities. Municipal bonds are typically sold in minimum increments of $5,000, pay interest on a semi-annual basis, and have maturities that range from
(a) For purposes of this Rule, the term "security future" shall have the definition specified in Section 3(a)(55) of the Exchange Act.
(b) Requirements
(1) General
(A) Applicability — This Rule shall be applicable to the trading of security futures.
(B) Subparagraph (15) shall apply only to security futures carried in securities accounts
No person associated with a capital acquisition broker shall participate in any manner in a private securities transaction as defined in FINRA Rule 3280(e).
Adopted by SR-FINRA-2015-054 eff. April 14, 2017.
Selected Notice: 16-37.
(a) Applicability
No person associated with a member shall participate in any manner in a private securities transaction except in accordance with the requirements of this Rule.
(b) Written Notice
Prior to participating in any private securities transaction, an associated person shall provide written notice to the member with which he is associated describing in detail the proposed transaction
Module 4: Regulatory Requirements for Security Futures describes the regulatory framework, including sales practice and margin requirements, for these new products. All FINRA member firms must administer the content of Modules 3 and 4 to their personnel before such persons may engage in a security futures business.
Fluctuation of market indexes and stock prices is normal, with gains and losses occurring daily. This movement is called volatility; the greater the price swings, the higher the level of volatility. However, there are guardrails in place that help protect securities markets against periods of extreme volatility.
No member shall publish or circulate, or cause to be published or circulated, any notice, circular, advertisement, newspaper article, investment service, or communication of any kind which purports to report any transaction as a purchase or sale of any security unless such member believes that such transaction was a bona fide purchase or sale of such security; or which purports to quote the
The Outside Business Activities and Private Securities Transactions section of the 2017 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
